The US Department of Agriculture created a program in 1991 to help increase homeownership among rural Americans. This government-backed loan is available for low and moderate income homebuyers who may not otherwise qualify for a traditional mortgage due to higher costs in larger cities.
Here are some of the major benefits to a USDA Rural Development loan:
Since this program has specific eligibility requirements for the property’s location and income limits, you should check your eligibility at the USDA Rural Development website.
*NOTE: In order for the loan to be approved by the mortgage lender, the house will need to appraise for no less than the total contract purchase price (which includes the added dollar value for the VA funding fee).
We’ve got the experience and the professional network to get your loan funded. If it can be done, we’re the ones who can get it done. You’ll have direct access to a friendly, communicative, professional Loan Originator who will walk you through every step of the process. If a problem ever pops up, you’ll be the first phone call with a solution.